Alex
OP
:
During the development of the VCP pattern, we usually see the stock price showing a wave-like oscillation of two to six times. Initially, the stock price drops from a high point to a low point by a large extent, for example, twenty-five percent. Then, the stock rebounds from the low point, and the extent of the second wave retracement may shrink to fifteen percent. Subsequently, the stock rises again from the low point, and the extent of retracement in the third wave further shrinks, for example, by eight percent. Therefore, the price volatility during the consolidation period continues to contract. As this situation develops to a certain extent, the volume will also significantly shrink, indicating that the bottom consolidation is about to be completed.
Silverbat : Just a short squeeze today!
Alex OP : During the development of the VCP pattern, we usually see the stock price showing a wave-like oscillation of two to six times. Initially, the stock price drops from a high point to a low point by a large extent, for example, twenty-five percent. Then, the stock rebounds from the low point, and the extent of the second wave retracement may shrink to fifteen percent. Subsequently, the stock rises again from the low point, and the extent of retracement in the third wave further shrinks, for example, by eight percent. Therefore, the price volatility during the consolidation period continues to contract. As this situation develops to a certain extent, the volume will also significantly shrink, indicating that the bottom consolidation is about to be completed.